Hello friends i am writing this blog to tell you something about the situation of Indian crypto community.
In India Nowadays many people who invested in crypto through indian exchange like Zebpay are fearing for losing their money but one thing is to be clear Is THAT NO ONE CAN BAN BITCOIN OR CRYPTO. AND the indian government only Ban the Transactions between exchanges and the banks so that banks could not do any kind of transactions between them.
And if that transactions got banned in India then there are many methods for receiving the money of bitcoin in INR. And with those methods money can be easily received by the investors in India because the demand of bitcoin and the community of the CRYPTO Currency in India has gone very large so government don't want to hurt those large section of the society. So I am hoping to get a good decision by the government.
Now i am going to tell you a method of receiving the payment of your investment in bitcoins the exchange name WazirX is offering you a good method which called by peer to peer transactions P2P.
In this method a person can sell his bitcoins and can receive his payments through a certified exchange which don't have a risk of losing your money and with that you can also buy bitcoins and can give payments to the exchange.
The exchange will verify every transaction with him self so that not a single fraud can happen. The exchange will first take the bitcoins from the seller and then match a suitable buyer for that and then will say to buyer to make payments to the seller and when the seller received the payment then the exchange will transfer those bitcoins to the buyer. And the exchange will take some commision from both the party.
This method is good in comparison of the site local bitcoins because it is certified by the namely exchange in India called WazirX.
Tell me in the comment section below what you think about this method? And will it help you?. 😊
Thank You